TOWER Limited - Company Profile
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TOWER Limited (Tower) is a company that operates in the insurance industry, providing a range of insurance solutions. The company's main activities include offering coverage for houses, cars, contents, businesses, and more. Tower's major products and services encompass car insurance, house insurance, contents insurance, and business insurance, among others. The company serves a diverse customer base, providing insurance solutions tailored to modern lifestyles across various sectors. It operates across Aotearoa and the Pacific, including Fiji, Tonga, Samoa, American Samoa, and the Cook Islands. Tower is headquartered in Auckland, New Zealand.
Headquarters
New Zealand
Address
Level 5, 136 Fanshawe Street, Po Box 90347, Auckland, 1142
Website
www.tower.co.nz
Telephone
64 9 3692000
No of Employees
915
Industry
Financial Services
Ticker Symbol & Exchange
TWR (NZE)
Revenue (2024)
$296.8M
-20.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
7368.6%
(2024 vs 2023)
Market Cap*
$362.1M
Net Profit Margin (2024)
XYZ
9,141.2%
(2024 vs 2023)
* As of and is in US$
TOWER Limited premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Business Insurance: | Service: | MY TOWER |
| Business Interruption Insurance | Claims | |
| Business Liability Insurance | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company announced the sale of its Vanuatu subsidiary to Capital Insurance Group of Papua New Guinea, |
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with global Insurtech CelsiusPro Group to improve the IT platform for its storm response coverage. |
| 2022 | Contracts/Agreements | In November, the company entered into a partnership with MTF Finance to make insurance and purchase process easier. |
Competitor Comparison
| Key Parameters | TOWER Limited | AA Insurance Limited | Turners Automotive Group Ltd | AMI Insurance Ltd | Farmers Mutual Group |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Auckland | Auckland | Auckland | Christchurch | Palmerston North |
| State/Province | Auckland | Auckland | Auckland | Southland | Manawatu Whanganui |
| No. of Employees | 915 | - | 718 | - | - |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew Hambleton | Chief Administrative Officer | Senior Management | - | - |
| Sharyn Reichstein | Chief Risk Officer | Senior Management | 2023 | - |
| Ron Mudaliar | Chief Underwriting Officer | Senior Management | 2019 | - |
| Steve Wilson | Chief Claims Officer | Senior Management | 2021 | - |
| Paul Johnston | Chief Executive Officer - Interim | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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